The inflation rate is the
a. percent increase in the unemployment rate over a year.
b. percent increase in output over a year.
c. percent increase in the average level of prices over a year.
d. price level divided by the level of output.
Answer: C
The inflation rate is the
a. percent increase in the unemployment rate over a year.
b. percent increase in output over a year.
c. percent increase in the average level of prices over a year.
d. price level divided by the level of output.
Answer: C